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The median rent-stabilized apartment goes for $1,500 a month, meaning a 2.75 percent increase works out to a $41 monthly rent increase. While rent-stabilized tenants' incomes are lower on average ...
Failure to provide these may allow the tenant to receive a lower rent. [4] Outside of New York City, the state government determines the maximum rents and rate increases, and owners may periodically apply for increases. In New York City, rent control is based on the Maximum Base Rent system. A maximum allowable rent is established for each unit.
Housing advocates contend that even the lower range of rent increases are far too much for tenants to bear, given the economic chaos caused by COVID and a lack of lawyers available to represent ...
Around 1 million New York City residents will soon be at risk of rent increases for their rent-stabilized apartments. The New York City Rent Guidelines Board determined landlords can raise their ...
The 1904 New York City rent strike was the first mass rent strike in New York City. It took place in the Lower East Side in the Spring of 1904, spreading to 2,000 families across 800 tenements and lasting nearly a month. The strike was a response to proposed rent increases amid a housing shortage.
The powerful panel that sets housing costs in about 1 million rent-regulated apartments in New York City voted Tuesday night to approve the largest increases in almost a decade: 5% for two-year ...
William A. Moses, the founder of the Community Housing Improvement Program, a trade association that represents the owners of over 4,000 apartment buildings in New York City, said in 1983 that rent control was "the principal reason for neighborhood deterioration" and that at least 300,000 apartment units would have been built in New York City ...
Story at a glance New York City’s Rent Guidelines Board voted to increase rents by 3.25 percent for one-year leases and 5 percent for two-year leases during a rowdy meeting earlier this week.